3 Factors That Can Impact Your Monthly Auto Insurance Premium
If you're looking for the best auto insurance rate, you'll want to consider a few factors that can affect your premium. Some factors are completely out of your control, while others you can influence. Choosing the right coverages and making sure you drive safely will help keep your rates down.
Among the most common things that can impact your auto insurance premium are your age, car, and credit history. You may find that your credit score plays a larger role in your rate than you'd think.
Buying a new or used car is another factor that can increase your premium. The more expensive the vehicle, the more money you'll need to insure it. There are also certain features on your car that may qualify you for a discount.
A clean driving record can reduce your rates by 40%. Taking a defensive driving course will also lower your costs.
Insurance companies evaluate each driver's risk level carefully. Those with poor driving records tend to pay higher premiums. Getting an accident can dramatically increase your rates.
Some insurers offer a merit-based discount for drivers with a clean driving record. Others offer discounts for low mileage. However, you'll need to compare quotes to find the right one.
Another factor that will affect your premium is where you live. Insurers will charge you more for living in urban areas. Urban areas have more crime and accidents. Alternatively, you could pay less if you live in a rural area.
